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Investors seeking the next cryptocurrencies to explode may now have to look beyond established tokens. With major cryptos trending downwards and the altcoins market trending sideways, now might be the time to explore emerging cryptocurrencies, especially crypto presales.
As the crypto industry awaits the next big shift in trends, the market data swings between highs and lows. According to CoinMarketCap, the global crypto market cap is currently $1.05T. It’s gone up by about 0.5% in the last 24 hours. Conversely, trading volume dropped by about 43% to $13.95, a common trend on weekends. The DeFi market continues to gather attention while Bitcoin still sustains its swing.
Next Cryptocurrency to Explode
Even though the crypto industry has been battling existential threats on all sides, hopes are beginning to emerge via innovative projects that blend several digital niches into one. In fact, there are speculations that these projects are poised to become the next penny cryptos to explode.
An example is the TG.Casino project. Below is a quick overview of the project and a few other promising assets that are likely to become the next big cryptos. Today’s article explores a few assets that will likely print explosive performances in the latest week. Included in the list are some presales for investor’s benefit.
1. Big Time (BIGTIME)
Is BIGTIME one of the next cryptocurrencies to explode? BIGTIME is one of the best-performing tokens today, with a 24-hour increase of 16%. Additionally, it’s also recorded an increase of over 114% in the last seven days. The consistent improvement in its price indicates that.
Big Time is a crypto project in the gaming niche. It features a free-to-play mode that blends adventure with fast-action combat. Furthermore, it boasts multiplayer gameplay for PC.
Since its launch in October, the project has enjoyed steady growth in price and adoption. The rapid growth is largely fueled by the open game economy model, allowing users to actively generate and exchange items within the game environment.
It’s best to keep an eye on the Big Time trends to take advantage of its growing popularity. As the platform continues to gain adoption, the price will likely enjoy a relative increase.
🚀 The moment we’ve all been eagerly anticipating has arrived! Brace yourselves!
🔥 PRESEASON IS LIVE! 🔥 pic.twitter.com/vjyXhWjAtH
— Big Time (@playbigtime) October 10, 2023
One of the upsides of the platform is its growing community. It provides the drive it needs to amass sizable gains in the short run. However, the price of the asset may plummet in the medium and long term due to the release of new tokens. Currently, only a fraction of its total supply is in circulation. As new tokens flood the market, the price will likely decline. Hence, it’s best to approach it with a short or medium-term strategy.
2. Loom Network (LOOM)
Investors looking for quick hedging can consider the Loom Network token, as its performance is currently upbeat. LOOM continues to lead the pack of crypto gainers in the last 30 days with a price increase of over 98%. As of today, it still maintains its lead with a price increase of over 38% in the last 24 hours.
Loom Network is best known for its ability to allow developers to run large-scale decentralized applications on top of Ethereum without having to switch programming languages. The platform has been around since 2017, making it one of the oldest in the niche. While its performance in the past five years can be described as average, recent trends reveal that it might end the year as one of the best-performing tokens.
The recent increase in LOOM’s price has pushed the value of the asset into the $0.37. Thus, LOOM has successfully surpassed its 5-year high of $0.28. Ultimately, the asset can sustain its trend for the new week, presenting an opportunity to benefit from its uptrend.
When the LOOM’S net increase of 712% in the last year is weighed with its performance, it’s safe to say that it’s an assertion that should be on investors’ watch list.
However, there are indications that LOOM may also be approaching the overbought range according to its RSI reading. Hence, investors need to take precautions when considering the asset as its price might soon fall.
3. TG.Casino (TGC)
TG.Casino is bringing another level of online casino experience to smartphones. More Interestingly, TG.Casino is not only leveraging smartphones but also social media. The TG in the name Of the platform denotes Telegram, one of the fastest-growing social networking platforms in the world.
Consequently, a Casino project built on Telegram may be the next penny crypto to explode. TG.Casino is a fully licensed gaming platform that grants Telegram users access to users across all of the top online casinos, games, sports books, etc.
The crypto casino sector came into the limelight in 2017, and it has since enjoyed spectacular growth. Since its inception, the crypto casino has grown to a market size valued at over $250 million, and it’s still growing. 80% of online casinos are believed to be played on mobile devices, which gives TG.Casino is a vast opportunity to tap into an already established market.
Currently, TG.Casino native token TGC is on presale and presents the opportunity to tap into the explosive crypto casino market. At presale, TGC is offered for $0.125. However, the price is inflationary. As the project reaches successive milestones, the price of the token increases by a few percent. The next increase comes up in 6 days, presenting the last chance to buy at $0.125.
TGC holders enjoy several benefits, including special rewards, access to pre-launch rewards, and NFTs. Also, holders can stake TGC and earn passive income for participating.
Presale Update: Moving forward the presale price will increase incrementally based on a timer. The first price increase will happen soon, so there is no better time than now to get $TGC at the lowest possible price! ⏰
See community TG for details, info in bio.👆 pic.twitter.com/wZjxMnH2bG
— TG Casino (@TGCasino_) October 14, 2023
Furthermore, TG.Casino boasts impressive tokenomics, which reserves 20% of the total token supply to liquidity and another 20% to stake rewards. 40% of the total supply is reserved for presale, and 10% is issued for players’ rewards. Affiliate marketers earn 5% of the total supply as a reward, and the remaining 5% is pushed into marketing.
Ultimately, TG.Casino is working out an innovative approach to the crypto casinos, and tapping in early might be the best way to capitalize on the opportunity. The goal is to raise $2,500,000. At press time, the presale funds had crossed $1,053,105.
4. Tellor (TRB)
Tellor is currently on an explosive trend with an over a 345% increase in trading volume and a 25% increase in price. As the world continues to open its doors to cryptocurrency, there’s bound to be a need for proven data exchange between on-chain and off-chain platforms. Hence, oracle protocols are inevitable.
Generally, Tellor is a decentralized oracle protocol. It provides the infrastructure that helps blockchain platforms access off-chain data. Its core value proposition includes data request, validation, and permissionless data exchange. The native token of the platform, TRB, is issued as an incentive for reporters to participate on the platform.
Tellor became one of the biggest gainers in Q3. Thus, it may continue its explosive gains till the end of Q4. It is currently recording an uptrend with a performance ahead of 95% of the crypto market. Similarly, at press time, the price of Tellor is above its 200-day moving average. The trend signals that the token might maintain its bullish trend for now.
Nonetheless, the future of the token depends on the outlook of the cryptocurrency industry in the coming year. If more traditional institutions embrace crypto, Oracle protocol, like Tello, will maintain its uptrend. Hence, investors should keep an eye on its trends.
5. Injective (INJ)
INJ has maintained its trends as one of the biggest gainers this year, with a cumulative price increase of 340% Y2D. With the overall bearish performance of the crypto market, INJ’s performance signals it is one of the top-ranking cryptos to watch. With its impressive innovations and projects throughout the year, it’s expected to keep its upward trend for the rest of Q4 and perhaps the first quarter of 2024 2024.
Will INJ become the next crypto to explode? Even though INJ is currently experiencing a pullback, it will likely swing into an uptrend in the new week as its Relative Strength Index shows that the token is in the oversold range. Consequently, it might be best to closely examine the trends of the token as the new week glides in.
Probability for Injective hitting 300 Million on-chain transactions this weekend: 💯
— Injective 🥷 (@Injective_) October 14, 2023
Furthermore, INJ is enjoying an increase in transaction volume, projected to reach over 300 million this weekend. This feat will generate a spike in the token’s visibility, and we can expect a sudden pump in the asset’s price as the week unfolds. The ensuing trend presents an opportunity to take advantage of the price movement.
Overall, INJ enjoys high liquidity, increasing adoption, and a price pump. All this points to the potential of the asset. However, it also faces a threat from the release of tokens as it only has 83.76% of its total supply in circulation.
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